OT: Happy Bobby Bonilla Day

[Chin Diesel]

Greatest buyout contract of all-time
$1m every year through 2033 with 8% interest added on each year.

It's Bobby Bonilla Day! Why Mets pay him $1.19 million today and every July 1

Bobby Bo hasn't called Queens home since 1999, but today he'll receive a hefty check from his former employer. Here's what you need to know about Bonilla's unusual annual payday.

www.espn.com

 

[Deepster]

And, the Mets used the 5.8m to sign Mike Hampton in the offseason. He went 15-10 and they made it to the World Series that season.

 

[Waquoit]

Bonilla invested in the Mets. The Mets invested in Bernie Madoff.

 

[JB75]

Greatest contract ever ?? Lol

 

[Chin Diesel]

Greatest contract ever ?? Lol

Not even close to greatest contract ever. Who said that?

 

[uconngb]

Not even close to greatest contract ever. Who said that?

May not be the greatest contract, but definitely the greatest contract BUYOUT ever. He'll end up collecting in the neighborhood of $30 million for a $5.9 million buyout......and god knows if he got the $5.9mm up front he probably would have blown it. Yeah, he had to wait 10 years for the first payment, but still.........

 

[Chin Diesel]

On a bit of a lesser note, yesterday, June 30th, Nets finally took Deron Williams' contract off the books. Paid him a bit more than $27m over past five seasons including the past two when he did lace them up. Last two years he was banking $15k/day to not play basketball.

 

[navery12]

It's amazing how many teams defer contracts and how bad they all end up looking